Ripples a threat to bitcoin?

[underground_]

Ripple is interesting but I think they made a major mistake with XRP. (Other than not open sourcing right away). XRP was intended not as a currency but as a spam preventative measure. Too many people saw XRP as an investment like Bitcoin and that should have been made more clear from the beginning that it is not a currency but a way of entering the ripple ecosystem. Now we have XRP over valued and the creator has TONS of them left and a lot of influence on future price. They control the market. What they should have done is made a clear "goal price" for XRP. And by controlling the flow of how they unload their massive amount of XRP they can maintain a "goal price". They should have given themselves a huge amount of XRP and given/sold XRP out one at a time. 1 XRP = 1 USD for example as a "best price". Perhaps a company that does it differently would be more successful but with a different name? Or would that even work?

You can't just say that something is or isn't a currency and have it be so. Bitcoin isn't money because Satoshi called it that. It's money because we choose, based on its properties, to use it that way. XRPs have real value on the ripple network:

1. There is a finite supply of them.
2. Every wallet requires a few XRPs for its initial funding.
3. Every transaction destroys a small fraction of an XRP, thereby adding to the value    of all remaining units.

How much should an XRP be worth? That's like asking how much a bitcoin should be worth. If the network takes off, then it'll probably be a lot higher than it is today. Of course, Opencoin could decide to flood the market with all of their XRPs and crash the price, but Satoshi could do the same with bitcoin. At least we know what opencoin's intentions are. They hope the ripple network will grow and that their XRPs will gain in value. What's Satoshi planning on doing with his 1M+ bitcoins?

[1714993390]

1714993390

[1714993390]

1714993390

[goldlyre]

Of my total holdings on crypto currencies, 98% of present value is in Bitcoin, 1% in Litecoin, and 1% in Ripple XRPs. Bircoin may secceed in the future, so are Litecoin & Ripple. Who knows! May be it's a win-win, not threat at all.

[ninjarobot]

Ripples are like stamps. Stamps are hardly a good store of value.

[sinner]

not at all

[niothor]

Please do the following:

a) go to an android forum and ask about ios
b) go to a bmw fan forum and ask about the new cla
c) open a thread about ripple on bitcointalk

After that you might realize that you're asking the wrong questions in the wrong places!

[Coinseeker]

Ripples are like stamps. Stamps are hardly a good store of value.

Even if that were true, what's your point?  How does that have anything to do with the Ripple payment network?

[Coinseeker]

Please do the following:

a) go to an android forum and ask about ios
b) go to a bmw fan forum and ask about the new cla
c) open a thread about ripple on bitcointalk

After that you might realize that you're asking the wrong questions in the wrong places!

A and B are bad analogies because they don't compliment each and are actual competitors, thus don't compare to the relationship Ripple and Bitcoin share.  Ripple is a compliment to Bitcoin not a competitor, so it is very relevant to this forum as Ripple will allow more people to access and transact in Bitcoin, off the blockchain.  

[rampantparanoia]

Please do the following:

a) go to an android forum and ask about ios
b) go to a bmw fan forum and ask about the new cla
c) open a thread about ripple on bitcointalk

After that you might realize that you're asking the wrong questions in the wrong places!

A and B are bad analogies because they don't compliment each and are actual competitors, thus don't compare to the relationship Ripple and Bitcoin share.  Ripple is a compliment to Bitcoin not a competitor, so it is very relevant to this forum as Ripple will allow more people to access and transact in Bitcoin, off the blockchain.  

fixed analogies:

a) go to the apple support forums & ask about 3rd party add-on products sold on ebay
b) go to a bmw forum and ask about servicing your vehicle at a mechanic not associated with BMW
c) open a thread about ripple on bitcointalk, in the BITCOIN speculation forum (and not in the alt currency one)

[niothor]

Please do the following:

a) go to an android forum and ask about ios
b) go to a bmw fan forum and ask about the new cla
c) open a thread about ripple on bitcointalk

After that you might realize that you're asking the wrong questions in the wrong places!

A and B are bad analogies because they don't compliment each and are actual competitors, thus don't compare to the relationship Ripple and Bitcoin share.  Ripple is a compliment to Bitcoin not a competitor, so it is very relevant to this forum as Ripple will allow more people to access and transact in Bitcoin, off the blockchain.  

You missed the point.
If you talk about ios on an android forum -  what , that piece of rotten apple?
If you talk about a cla on a bmw forum - is that even a car?
If you talk about ripple on bitcointalk ... what? that piece of centralized shit?



My point is that some people are badmouthing ripple here just because in their view it is a threat to the 300k$ bitcoin.
Even if they don't have a clue how ripple works.
Same as the android and bmw fans who haven't once tried a mercedes or a iphone. And the other way around.
It's different than what I have  > It's garbage.

[ElectricMucus]

Actually it's mainly the five figure smear campaign of Tradefortress, and cognitive dissonance of the people here.

Litecoin used to be in the same predicament but it has risen by a factor of 50 since. I expect the anti-ripple choir to be even less successful. But their war is already lost.
With the largest functional Bitcoin exchange (bitstamp) being a ripple gateway, opencoin having more VC money than all Bitcoin ventures combined and Ripples as a real deflationary virtual asset. It will take off with or without Bitcoin. If Bitcoiners collectively decide to piss against the wind that's their predicament, but I don't think that will happen. Just watch what happens after XRP have some capital gains, suddenly the majority here will appear pro ripple, just like they are pro Litecoin.
The hardliners will still be around but they have nothing to do except grinding their teeth.

[xxjs]

Ripples are like stamps. Stamps are hardly a good store of value.

Fun fact: Charles Ponzi, who gave his name to the Ponzi scheme, traded in postal reply coupons, which can be traded for stamps.

[ElectricMucus]

Using "Fun fact" as a pretext for your fallacious argument doesn't suddenly make it hold ground, even with a sarcastic undertone.

[Ares]

Please do the following:

a) go to an android forum and ask about ios
b) go to a bmw fan forum and ask about the new cla
c) open a thread about ripple on bitcointalk

After that you might realize that you're asking the wrong questions in the wrong places!

A and B are bad analogies because they don't compliment each and are actual competitors, thus don't compare to the relationship Ripple and Bitcoin share.  Ripple is a compliment to Bitcoin not a competitor, so it is very relevant to this forum as Ripple will allow more people to access and transact in Bitcoin, off the blockchain.  

Even one of the devs who posts here said that down the line BTC and Ripples may compete and that "inside the Ripple network, ripples work better than bitcoins"

It's such an obvious Emabrace then Exterminate scheme.

You've been a shill for Ripple since its inception so go ahead an keep spewing how they compliment eachother (which they may, until Ripple becomes big enough to say "Ok, let's finally drop this whole BTC thing, Ripples/XRP work better in our network")

[ElectricMucus]

Resistance is futile.

srsrly 

[ninjarobot]

Ripples are like stamps. Stamps are hardly a good store of value.

Even if that were true, what's your point?  How does that have anything to do with the Ripple payment network?

It actually was a Ripple dev that made the stamp analogy (citation needed). My point is that stamps (XRP) are not a threat to currency (BTC). You need XRP to make transactions in the Ripple payment network. Personally I think the Ripple payment network with it's many payment gateways is really awesome. I just would not 'invest' in XRP.

[xxjs]

Using "Fun fact" as a pretext for your fallacious argument doesn't suddenly make it hold ground, even with a sarcastic undertone.

It wasn't an argument - it was just a fun fact.

[ElectricMucus]

Using "Fun fact" as a pretext for your fallacious argument doesn't suddenly make it hold ground, even with a sarcastic undertone.

It wasn't an argument - it was just a fun fact.

It's yet another fallacy.
By presenting your argument as a "fun fact" you are trying to distract from your fallacious argument and make it appear as it isn't argumentative while it is.
You are suggesting similarities between Charles Ponzi and Ripple using the stamp analogy.

You committed two fallacies at once.

[Odalv]

I do not believe ripple can transfer any significant(more than $5) amount of money (cash). ... lol, it is funny "network" with 10+ years of history and with no capability to process $10 :-)  ... it will never work.

Please REMOVE THIS THREAD FROM BITCOIN SPECULATION FORUM.

[yayayo]

Ripple is some kind of improved Paypal. Only with an added debt scheme.
Ripple contains a concealed premine. It is not decentralized.


Bitcoin is both a fully decentralized currency and a commodity.


Ripple cannot compete against Bitcoin. Ripple is outdated technology in a fancy design.


ya.ya.yo!

[xxjs]

Using "Fun fact" as a pretext for your fallacious argument doesn't suddenly make it hold ground, even with a sarcastic undertone.

It wasn't an argument - it was just a fun fact.

It's yet another fallacy.
By presenting your argument as a "fun fact" you are trying to distract from your fallacious argument and make it appear as it isn't argumentative while it is.
You are suggesting similarities between Charles Ponzi and Ripple using the stamp analogy.

You committed two fallacies at once.

So what is my argument?